- The Assistant Manager - Capex Accounting will be a crucial member of the Finance team, responsible for the accurate and timely recording, tracking, and reporting of the company's capital expenditures (Capex) and fixed assets.

- This role ensures compliance with internal policies, Indian Accounting Standards (Ind AS), and International Financial Reporting Standards (IFRS).

- The ideal candidate will possess strong analytical skills, attention to detail, and a thorough understanding of asset capitalization processes in an Enterprise Resource Planning (ERP) environment.

Key Responsibilities and Accountabilities:

Capex Management and Accounting:

- Accurate Recording and Tracking: Assist in the meticulous recording, tracking, and capitalization of all capital expenditures, ensuring adherence to established accounting standards (Ind AS/IFRS) and internal company policies.

- Invoice and Documentation Verification: Review, verify, and process Capex-related invoices, purchase orders, and supporting documentation for accuracy, proper authorization, and compliance before payment and capitalization.

- Cost Allocation: Coordinate closely with the Procurement and Project Management teams to ensure the correct and consistent allocation of project costs to the appropriate Capex codes and projects.

Asset Capitalization:

- Proactively track project-wise Capex spend to identify assets that are completed and ready for capitalization.

- Prepare and verify asset capitalization entries in the ERP system, ensuring they align precisely with company policy on componentization and useful life, as well as Ind AS/IFRS requirements.

Budgeting and Reporting:

- Assist in tracking and monitoring actual Capex spend against approved budgets.

- Analyze and highlight significant variances between budget and actual expenditure, contributing to timely and accurate budget vs. actual reporting for management review.

Audits and Compliance:

- Audit Support: Provide comprehensive support for statutory, internal, and tax audits by preparing detailed schedules, providing necessary documentation, and addressing audit queries related to Capex and fixed assets.

- Policy Compliance: Ensure all Capex processes, from acquisition to disposal, are executed in full compliance with relevant accounting standards and regulatory requirements.

- Stakeholder Communication and Liaison

- Inter-Departmental Coordination: Act as a key liaison, maintaining effective communication with Project Management, Procurement, and Plant teams to gather timely updates, resolve discrepancies, and seek clarifications on Capex transactions and project completion status.

- Documentation Maintenance: Maintain a robust and organized repository of all Capex documentation, including final cost sheets and capitalization records.

Qualifications and Skills:

Education and Experience:

- A professional qualification such as CA (Chartered Accountant) or CPA/CMA is strongly preferred.

- Experience: 3 to 5 years of progressive experience in Finance/Accounting, with a significant focus on Capex accounting, fixed assets management, and project accounting, ideally within a large manufacturing, infrastructure, or project-driven environment.

Skills and Competencies

Technical Expertise:

- In-depth knowledge of Indian Accounting Standards (Ind AS), specifically Ind AS 16 (Property, Plant and Equipment) and other relevant standards.

- Proficiency in MS Excel for data analysis, reconciliation, and reporting.

- Hands-on experience with a major ERP system (e. , SAP, Oracle, Microsoft Dynamics) for fixed asset module management is essential.

- Analytical Skills: Excellent analytical, problem-solving, and reconciliation skills with a meticulous attention to detail.

- Communication: Strong written and verbal communication skills for effective internal and external stakeholder management.

- Work Style: Ability to work independently, manage multiple priorities, meet strict deadlines, and thrive in a fast-paced environment